Rental & Finance Lease Services

Payment Solutions For Mobility Technology Rentals

Rental & Finance Lease Services

When you need to rent mobility hardware and avoid the overheads of investing in brand new equipment, Peak Technologies has a payment solution that’s right for you. Peak Technologies offers two kinds of payment agreement for rental programs, including Finance Leases and Operating Leases. Our payment specialists can help determine the right financial setup for you and your business.

Finance Lease

What is a Finance Lease from Peak-Ryzex?

A Finance Lease from Peak Technologies is typically a full pay-out agreement where the sum of the rentals includes the full capital cost of the equipment plus the interest accrued. Such a payment agreement provides true financial flexibility and enables you to spread payments over the lease term.

Operating Lease

What is an Operating Lease from Peak-Ryzex?

An Operating Lease (also known a Fair Market Value Lease) enables you to replace and upgrade your rented equipment without the risk of these devices losing their value or becoming obsolete. An Operating Lease is designed for the use of an asset, but the lease terms are normally shorter than that of a Finance Lease. So, Peak Technologies takes the residual value of an asset so the sum of the rentals with usually be less than the original capital cost.

At the end of a lease, you can either hand the equipment back and upgrade or extend the lease and continue using your current equipment.

Other benefits of utilising an Operating Lease include:

  • The sum of the rentals within an operating lease will typically be less than the original capital cost.
  • Usually results in the lowest payment of any financing alternative and is an excellent strategy for capital budgeting constraints.
  • Provides fixed known costs throughout the contract period.
  • Flexibility to upgrade to new equipment as required or to terminate the agreement early.
  • The option to hand the equipment back at the end of the term or to continue to use it for a secondary period.
  • Fixed payments – improve budgetary and planning certainty.

Rental & Finance Lease Services

Contact Peak Technologies today to discuss how we can deliver a Rental & Finance Lease Services solution direct into your organisation.

01249 659000

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Peak Technologies Leaders are actively monitoring the global Coronavirus (COVID-19) crisis and are executing plans to reduce the potential impact of COVID-19 on our organization. Our first priority – now and always – is the health and safety of our employees, customers, supply chain partners, and the communities in which we operate. We believe it is critical to do our part to help reduce the transmission of COVID-19. While the situation is ever-changing, we are committed to taking responsible actions and will continue to provide updates as there are new developments.

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01249 659000